REGISTERED CHARITY NUAIBER.. 1165822
WATERL¢JOVILLE AREA COklMUNITY ASSOCIATION cro
FINANCIAL ST A TEMENTS
YEAR ENDED 31 MARCH 2024

WATERLOOVILLE AREA COMMUNITY ASSOCIATION CIO
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
Contents
Page
Trustees, Annual report
Independent Examiner's Report
Statement of Financial AclivrtJ"es
10
Statement of financial position
Notes lo the Financial Slalemenls
12-20

CHARITY COMMISSION
FOR ENGLAND AND WALES
Trustees, Annual Report for the period
From 1 April 2023
To
31 March 2024
Charity name: Waterlooville Area Community Association CIO
Charity registration number: 1165822
Objectives and Activities
SORP ref¢rence
Para 1.17
Summary of the purposes of
the charity as set out in its
governing document
The Objects of the CIO are to promote the
benefit of the inhabitants of the area of benefit
without distinction of sex, sexual orientation,
age, disability, nationality, race or of political,
religious or other opinions, by a55ociating
together the said inhabitants and the statutory
authorities, voluntary and other organisations
in a common effort to advance education and
to provide facilities in the interests of social
welfare for recreation and leisure-time
occupation with the object of improving the
conditions of life for the said inhabitants
To establish, or secure the establishment of a
Community Centre and to maintain and
manage the same Iwhether alorie or in co-
operation with any statutory authority or other
person or bodyl in furtherance of the Objects.
To promote such other charitable purposes as
may from time to time be determined.
The Charity Shall be non-party in politics and
non-sectarian in religion.
The area of benefit shall be Waterlooville,
Cowplain. Purbrook, Widley and
neighbourhood arbd more specifically defined
as Portsdown Hill Road to the South, A3IMI to
the east, Woodcroft LanelLovedean
Lane/Portsmouth Road/Dell Piece West to the
North and Newlands Lane/Widley
Walk/Closewood Road to the West

Summary ofthe main
activities in relation to those
purposes for the public
benefit, in particular. the
activities, projects or
seNices identified in the
accounts.
Para 1.17 and
The main activities for public benefit is to-.
(al provide a safe, warm and welcoming
environment and offer public facilities
that are modern. clean and
environmentally sustainable,.
Ibl promote the availability of classes for
further education, relaxation, personal
well-being, and social and emotional
support,.
Icl bring together in conferer)ce
representatives of voluntary
organisation, Government
departments, statutory authorities and
individuals,.
Idl arrange and provide for, either alone or
with others, the holding of exhibitions,
meeting, lectures, seminars and
training cour5e5,'
lel collect and disseminate information on
all matters relating to its objerts and to
exchange such information with other
bodies having similar objects,.
raise funds and invite or receive don3tion5 and
contributions for the furtherance of the
Centre's facilities and offerings.
statement confimiing
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit
Parg 1.18
I can confirm that our current board of
Trustees are in receipt of the guidance
Public benefit: rules for charities
Addltlonal Information (optional)
You ma
choose to include further statements where relevant about..
SORP referen
This CIO does not award Grants.
Para 1.38
Policy on grant making
WACA CIO does not make any direct
financial investment to any group of
people. It does however make indirect
social investment through running a
dementia café and social dancing. both
these activities are being run by
Trustees who take no financial benefit
for their services.
Policy on social investment
including program related
investment
Para 1,38

Contribution made by
volunleers
Paia 1.38
See above. Also, the Board of Trustees
make decisions regarding the running
and administration of the Charlty. All
members are volunteers and receive no
renumeration.
Other
Achievements and Performance
SORP ￿ference
Summary Df the main
achievements of the charÈty,
identifying the difference the
charity's work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.
The Charity continues to provide the
infrastructure for varying groups.
whether health and well-being or social
and leisure activities, providing social
tnleraction to combat loneliness within
society.
Par4 1.20
The local inhabitsnts know that the
Centre provides a safe haven or refuge
for those with mental challenges;
reception staff are trained in the
dealings of such, and offer help and
guidance where needed.
The Charity also provides a Memory
café on a bi-monthly basis, offering
friendship, signposting and support for
those living with dementia and their
carers through trained volunteers and
medical
rofessionals.
Additional infomiation (optional)
You ma
choose to include further stalements where relevant about-.
These are the followtng groups have
benefitted from WACA CIO in the last 12
months (the numbers refer to specific
charity objectivè in our constitution):
Abstract Dance. Aerobics. Ahmadiyya
Muslim Association. Artfull Moments. 3
Ballroom Dancing. Burlesque Chair
Dancing", Chair Tai Chi,. Chair Yoga.
Dentaid. Diabetes prevention. Diabetic
Dieticians. Dragonfty Arts; Cardiac
Rehab. 3 Choirs; Divine Christian
Missionary. Family Church.
Immunisation service; Jive n Boogie;
Kumon," LCF Coaching. Line Dance.
Love 2 Jive; 3 Martial Arts; Memory
Café," 3 Pilates; Pulmonary Rehab.
Smoke free Hampshire,. Steady &
Strong. Tai Chi; U3A,' 2 Yoga. Barclays
bank. Waterlooville Regeneration
proJecL
Achievements against
objectives set
Para 1.41

There has been no fundraising activities
this year.
Performance of fundraising
activities against objectives
set
Para 1.41
Investment performance
against objectives
The Trustees still continue to make
financial investment of the internal
refurbishment of the building, making it
an invitin
and safe s
ace for its users.
Para 1_41
Other
Financial Review
Review of Ihe charity's
financial position at the end
of the period
Para 1.21
WACA CIO, through prudent financial
management, retained healthy reserves
while still maintaining its necessary
expenditure to trade.
statement explaining the
policy for holding reserves
slating why they are held
Para 1.22
The Association will retain a minimum
of six months, net operating costs In the
Reserve Account. The Charity's net
operating costs will be regularly
reviewed and the Reserve Account
ad'usted accordin
£60,374.00
Not applicable.
Amount of reserves held
Reasons for holding zero
reserves
Details of fund materially in
deficit
Explanation of any
uncertainties about the
charity continuing as a going
concern
Para 1.22
Para 1.22
Para 1.24
There ar8 no funds materially in deficit
Para 1.23
There are no uncertainties.
Additional information (optional)
You ma
hoose to include further statements where relevant about-
The charity's principal
The Charities principal funding source
sources of funds (including
is frorn room hire and currently we are
any fundraising)
almost at capacity.
Para 147
Investment policy and
objectives including any
social investment policy
adopted
None other than already mentioned
above.
Para 1.46
A description of the principal
risks facing the charity
Year on year the groups using the
building has Increased and we are
confident of being able to provide a
building for health and well-being as
well as social activities. However,
should Havant Borough Council not
renew our lease (6 years remaining),
WACA CIO will seek new building or
facilities
Para 1.46

Structure, Governance and Management
Description of charity s
trusts..
Type of governing doGurnent
List deed ro al charter
How is the charity
constituted?
le g unincorpofaied
3ssD.=ialitr,n. nio
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees
WACA CIO
Para 1.25
Constitution of the Waterlooville Area
Communi
Association CIO
Para 1.25
cio
Para 1.25
Trustee selection is made on the
individual skill set that is being offered
by applicants. Appli￿nts are issued
with a Trustee pack, including Roles and
Responsibilities, and a signed
application forni is considered by the
existin
Board Members.
Additional information loptionall
You ma
choose to include further statements where relevant about..
Policies and procedures
Trustees receive guidance and
adopted for the induction
mentoring provided by Centre Manager.
and training of trustees
Chair and Vice Chair. All Trustees take
an active role within the CIO and
familiari5e themselves with the
Associations, Policies.
The organisational structure is: Chair,
Vice Chair and Treasurer along with the
balance of the Board. This includes a
representative from Havant Borough
Council.
Para 1.51
The charity's organisalional
slruclure and any wider
network with which the
charity works
Pam 1.51
Relationship with any
related parties
Havant Borough Council as the landlord
and Bayliss Ware as the Charity's
approved accountant.
Para 1.51
Other
Reference and Administrative details
Cha
name
Other name the chari
uses
istered charit
number
Charity's principal address
Watertooville Area Communi
Association CEO
1165822
The Community Centre
10 Maurepas Way
Waterlooville
Hampshire
P07 7AY

Names of the charlty trustees who manage the charity
Trustse name
Office lif any)
Dales acted if not for whole
year
Name of person lor body)
entitled to appoint trustee lif
an
Andy Kirby
Mohammed Khan
Chair
Treasurer
Vice Chair
Kevin Chevis
03105123 - to dale
Kevin Chevis
Sue Cox
Graham May
Jo Standen
01104123 -02105123
03104123- to date
21105123 - to date
Vacant
Secretary
Barrie Neale
01104123 - 26104123
27104123 - 02105123
10
Barrie Neate
Vice Chair
Emily Dewhirst
George Evans
Cllr Peter Wade
Martin Talbol
14106123 - to date
13
14
261112023 - to date
15
21103124- to date
16
Vacant
VI￿ Chair
01104123 - 26104123
17
18
19
20
Corp_orate trustees - names of the directors at the date the re
Dlrector namè
None
ortwasa
roved
Name of trustees holding title to property belonging to the charity
Trustee name
Dale5 acted it not for whole
ear

None
Funds held as custodian trustees on behalf of others
Descriplion of the assets
None
held in this capacity
Name and objects ofthe
charity on whose behalf the
assets are held and how this
falls within the custodian
charity's objects
None
Details of arrangements for
safe custody and
segregation of such assets
from the charily's own
assets
None
Additional infomiation {optional)
Names and addresses of advisers (Optional infomiation)
Type of
Name
Address
adviser
Accountsnt
Bayliss Vvare
9 Slratfield Park, Elettra Avenue, Waterlooville. P07 7XN
Name of chief executive or names of senior staff members {Optional infomiation}
Exemptions from disclosure
Reason for non-disclosure of ke
None
ersonnel details
Other o
tional information

Declarations
The trustees declare that they have approved the trustees, report above.
Slgned on behalf of the charity's trustees
Signaturels)
Full name(s)
Position (eg Secretary,
Chair, etc)
Lk+AIL
Date

Independent Examineff s Report to the Tru$iees of Waterloo*ille Area CommLrnity Associatio
cio
I report to the charity trustee5 on my examinalion of the a¢counlS of the ¢harily for the year ended 31
March 2024 which are sel out on pages 10 to 20
Respongibilitie$ and basi5 of report
As the charilvs Iru$leès you are responsible for the preparation of the accounts in accordance with
the requirernents of the Charities Act 2011 1'lhÈ Acl'l-
I report in respeci of my exafflinalion of Ihe charity's accounls Ggrried out Ltrnder se¢lion 145 of the Act
and in c8rrwng out my examinaiion I have followed all the applicable Directions given by the Chèrily
Commission under section 14515llbl of the Act
Independent examiner's statement
I have completed my examinaiion. I confirm Ihat no rnaterial rnaiiers have come to my attention i
conneclion wrfh the examinalion giving me cause lo believe thèt in any rnaterial re5pecl'.
accounting records were not kept iri respect of the charity as required by section 130 of
the Act.. or
the accounts do not 3rLord with those records.. or
the accounts do nol comply wilh the èpplicable rÈquiremenls Con￿mIng the fomi and
¢onlÈni of accounts sei out In the Charitie5 IAccounls and Reports) Regulations 2008
other than any fequiremenl that the accounts give a 'lrue and fair view. whith is not 8
matter eonsidtred as part of an Independent exarnination
I have no c4)r￿eMS and have corne across no other matters in connection with Ihe examinalion lo
which 811enlion should bè drawn In this report In older10 en3ble a proper underslanding of the
accounts lo be rea¢hed.
Petry Ba￿lsS
BA FCA
Bayliss Ware Ltd. Chartered Accountants
g Str3ffield Park. Eleiir3 Avenue, Waierlooville P07 7XN
2ts£Y

WATERLOOVILLE AREA COMMUNITY ASSOCIATION CIO
Registered Charity Numbèr 1165822
STATEMENT OF FINANCIAL ACTIVlllES
FOR THE YEAR ENDED 31 MARCH 2024
21.03.24
Totsl
fund$
31.03.23
Total
lunds
UnrÈstr*cted
funds
Restrictod
funds
•ote$
Income arbd endowments from=
Oonaiions and I￿acleS
7,732
139.201
5.569
1.523
4,733
5,631
13,363
139.201
5.569
1,523
4,733
10,889
143,974
4.879
504
4,348
Investments
Olhef
Total in¢ome and endowmetTrts
1S8.758
5.631
164.389
164,594
Expenditure on..
Raising funds
140,560
2.324
142,884
137.021
Totsl expenditure
140.560
2.324
142.884
137021
Net incomel lexPe￿dItUreI
18.198
3,307
21.505
27.573
Transfers beiween funds
Net movemènt in funds
16
18.198
3.307
21.505
27,573
Reconciliation ol lunds
Total fund8 brought foFw3rd
16
252.052
7.500
259.552
231.979
Total iutyd8 carriod forward
16
270,250
70,807
281.057
259,552
All Income and expenditure derive frem conlinuiry adivilie5
The slalemeni of financial ¥Uivilies Includes all gains and losses recognised durin9 the year

WATERLOOVILLE AREA COMMUNITY ASSOCIATION CIO
Registered Charrty Number 1165822
STATEMENT OF FINANCIAL POSITION
AS A T31 MARCH2024
2024
2023
Notes
Fixed assets
Tangible assets
Investrnenls
84,929
103,007
84.932
103,010
Current As$ets
Stocks
Debtors
Cash al bank and in hand
250
23.991
186,209
250
17.324
146,013
13
210.450
163,587
Creditors.. amounts falling du8 Wlthin
one yèar
14
14.325
7,045
Net current assets I Illabllltlésl
196,125
156.542
Toial assets less current liabilities
281.057
259,552
Charlty Funds
Unreslricled funds
ReStr￿ted funds
16
16
270,250
10,807
252.052
7,500
Total charity lundsldeficlt
281,057
259,552
The financial statements were approved and aLrthorised for issue by the Board on £
Signed on behalf ol thè board of trustees
Mohammed Khan. Treasurer
The notes on pages 12 10 20 form part ol these financial statements.

WATERLOOVILLE AREA COMMUNITY ASSOCIATION CIO
Registered Charity Number 1165822
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 IAARCH 2024
SIGNIFICANT ACCOUNTING POLICIES
General information and basis of preparation
Walerlooville Area Community Association CIO is a Charitable In¢oiporaled Organisalion in
England. In the event ol the charity being wound up, the liability in respect ol the guarantee is
limited to £1 per member of the charity. The Charity's principal address is given in the Trustees.
Annual Report on page 5 01 these financial statements. The nature of the charity's operations and
principal activities Include managing a Community Centre and provtding facilities lor the benefit ol
local iesidenls of Waterfooville and surrounding areas.
The charity constitutes a public benefrt entity as defined by FRS 102. The f￿nancIal statements have
been prepared in accordance with Accounting and Reporting by Charities StateTnent of
Recornmended Practice applicable lo chaiilie5 preparing their accounts In accordance with the
Financ121 Reporting Standard applicable In the iJK and Republic of Ireland Issued in October 2019.
the Financial Reporting Standard applicable In the United King(Jom and Republic of Ireland IFRS
1021, the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include
cash flow slalemenl on the grounds that it 15 applying FRS 102 Sèction 1A.
The financial statements are prepared on a going concern b8sis under the historical cosl
convention, modified lo Include certain items al lair value. The financial statements are presented
In sterling which is the functional currency of the charity and rounded to the nearesl £.
The significant accounting policies applied In the preparalion ol these financial sl3lemen15 are sel
out below. These policies have been consistently applied lo all yeèrs presented unless otherwise
stated.
Funds
Unreslricled fund5 are available lor usè al Ihe discretion ol the Iruslees In furtherance ol the
general objectives of the charrty and which have not been designated for other purposes.
Restricted funds are funds which are to be used In accordance with specific restrictions imposeil by
donors or which have been raised by the charity lor particular purposes. The cost of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is sel out in the notes to the financial statements.
Incoffte Recognition
All incorning resources are Included in the Statement ol Financial Activities ISOFAI when the charity
Is legally entiiled lo the income after any performance conditions have been met, the amount can
be measured reliably and it Is probable that the tncome will be received.
Donation5 are included In incoming resources when they are receivable. If there are conditions
attached lo the donation and this require5 a level of performance belore entillemenl can be
oblained then irTrcorne Is deferred urtlil those conditions are fully met or the fuifilmenl of those
condition5 IS Viithin the control of the charity and it Is probable they will be fulfilled.
Income f¥om Irading activities Includes income earned from fundraising events and trading acti￿711e5
to raise funds for the charity Income Is received In exchange for Supplying goods and seNices In
oriyer lo raise funds and is recognised when entitlement hes occurre(J
12

WATERLOOVILLE AREA COMMUNITY ASSOCIATION CIO
Registeréd Charrty Number 1165822
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED JI MARCH 2024
SIGNIFICANT ACCOUNTING POLICIES
Income from government and olher grants are recognised at fair Vdlue when the charity has
entillemenl after any performance conditions have been mel. Il is probable Ihal the Income will be
receive¢Y and the amount can be measured reliably. 11 entillernenl is not mel Ihen these amounts
are deferred.
Expenditu￿ Recognitlon
All expenditure Is accounted for on an accruals basis. Expenditure Is recognised where there is a
legal or conslruclive obligatiom to make payments lo third parties, it Is prob3ble that the settlement
will be requirecl and Ihe amount ol the obligation can be measured reliably. Expenditure includes
aitributable VAT which cannot be recovered.
Tangible fixed assets
Tangible fixed assets are stated at cost lor deemed costl or valuation less accumulated
depreciation and accumulated Impairment losses. Cost includes costs directly allributable lo
rnaking the asset capable ol operating as Intended.
Depreciation Is provided on all tangible fixed assets. al rales calculated to Wr￿te off the cost, less
estimated residual value. of each asset on a syslernalic basis over Ils expecled useful life over the
following pen¢)ds'.
Fixtures. fittings & equipment
5- 10years
Investmènts
Investmènts in subsKJiaries are measured at cost less Impairment.
Stocks
Stock5 held for sale are measured at Ihe k)wer of cost or nel reèlisable value. Provision is made for
damaged, obsolete a￿d slow-movillg stock where appropriated.
Debtors and creditors receivable I payable wlthin one year
Debtors and creditors with no stated Interest rale and receivable or payable within one year are
recorded 81 ¢ransaotioD price. Any losses arising from Impairment are recognised In expenditure.
Going concern
The financial slalemenls have been prepared on a going concern basis as the trustees believo that
no material unTrrtainlies exist The trustees have considered the level of held and the
expected level of Income and expenditure for 12 month5 from aulhorising these financial
statements. The budgeted income and expenditure ￿S sufficient with the level ol reserves for the
charity to be able lo continue as a going concern.
13

WATERLOOVILLE AREA COMMUNITY ASSOCIA TION CIO
Registered Charity Number 1165822
NOTES To THE FINANCIAL STA TEMENTS ICONTINUEOI
FOR TIIE YEAR ENDED 31 MARCH 2024
Income from donat¢ons and legaties
2024
2023
Donations received
Grants Inon exceptionall
8.757
8.889
2.000
13.363
10,889
Income from don8tions and legacies was £13 363 12023- £10.8891 ol ￿1¢￿ £5.631 12023- £2,721)
was attnkMJta￿e 10 restncted luncls and £7,73212023- E8, 1681 wa5 allribuiable to unreslncled funds.
Income Irtsm chafitable activities
2024
2023
RIMNn and equiprTrent hire
Rent of bar
Mernbership Income
Catering, kil¢hen 8 function income
125 270
3.600
144
10. 187
128.642
3,600
11.668
138.201
143,974
All Income from charita￿e 8ctivilies was attributable to unre51ricted funds.
Income Irom other trading ac¢ivrtles
2024
2023
Recharge of expense5 to Ne*dands Cornmunity
Cenire
Sundry Incorne
5.136
433
4.525
354
5,569
4,879
All income from other trading activities was attnbulable lo unre8lfide(I funds.
In¢oTne from Inve$bnents
2024
2023
Interest receivaNe
1,523
504
Ail Incorne Iroln investments was attributable lo unreslricie(J funds.
14

WATERLOOVILLE AREA COMMUNITY ASSOCIAT1014 CIO
Registered Charity Number 1165822
NOTES TO THE FINANCIAL ST ATEMENTS ICOKnNUEDI
FOR THE YEAR ENDED JI MARCH 2024
Other incorne
2024
2023
Wages rècharged ie WACC Enlerpnses Ltd
Amounts writien off Iiabililies
4733
2.548
1.800
4.733
4,348
All oltter Income was allribul8ble 10 unre51ricled funds.
Rai$tng funds
2024
2023
FundFai5ing expenses
All of ltte above costs were attributable lo vnrestnL*ed funds.
Analysi8 of exp6nditurÈ on charitsble activities
2024
2023
Slatt costs
Rates and water
Insurance
Light and heal
Telephone
Recycling 8nd waste colfe¢lion
Mainleft3nce. repairs an(1 renewals
Printin9. posiage and siaiionery
IT 5UPPOrt and cornpuief running expenses
Hire of equipmeni
Legal and profes510ftal fees
Li¢en¢&s and subscriptions
Sundry expenses
Caienng. kitchen & function expenses
Memory Cafe expenses
Advenisino & Promotional expenses
Website costs
ear rental
Atcouniancy
Depreciation
Bafik charges
80.105
4.374
3.211
8,658
1,387
2.194
10,093
1.102
1.109
591
1.s02
1,404
46
1.308
2,324
312
225
2.850
1.422
18,078
369
75.620
1.494
f,180
8.514
2.017
11.865
1.655
1,172
475
1,473
445
189
1.671
613
996
1900
2150
1.278
20.753
458
142,884
137.021
£2,324 12023- £1 1881 of Ihe above costs were aiiribuiable lo re51riaed funds £140,56012023- £135,833)
f the above costs wè.'e allribulab￿ lo unrestrided fund$

Regi8tered Charity Nurnber 1165822
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCM 2024
Independent examiners remuneration
The Indepèndent exarniners rèmuneration amoun15 10 an IndependÈnl examination fee of £1.42212023
£1.2781
10 Tru8tee5' Remuneration, benefits and ekpens25
None of Ihe Iruslees lor any persons connected with them) received nor waived any remuDeralion or
ben&fff$ from the chaniy during Ihe year12023- £NIll.
The number of Iruslees th81 had expenses reimbursed by the chartiy In the year was I 12023 11
Expenses Trimbursed wefe a5 follows..
2024
2023
Maintenancè. repairs and renewals
Memory Cafe eKpellses
83
110
487
487
193
11 Staff costs and employee benelits
The lot81 Slalf costs and employees benefit's was as follows
2024
2023
Wages and 531ane5
Slatf WeK8re
Pension c0515
79.511
320
274
75,403
217
80.105
75.620
No èmployees received lotsl employee bEnefils ol more Ihan £60.000
The average monthly number of employees and full Iitr* equiva￿nI dunng the year were as follows
2024
2023
Number ofemployees
Full IIMÈ equivalent

WATERLOOWLLE AREA COMMUNITY ASSOCIATION CIO
Registered Charity Number 1165822
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
12 Tangible fixed assets
Fixtures, fittlngs
equiprnent
Totsl
Cost orvaluation
Al 1 Apnl 2023
Aéditions In period
DLsposals In period
188.915
188915
At 31 M8rth 2024
188,915
188.915
Depr•cbation
At 1 Apnl 2023
Charge lor penod
Eliminated In respect of disposals
85,906
18.078
85,908
18.078
Al 31 March 2024
103,986
103,986
Nol book value
At 31 March 2024
84,929
84.929
Al 31 Mafch 2023
103,007
103,007
13 Debtors". amounls falling due within one year
2024
2023
Trade debtors
Prepayrnen15
Actrue¢ Incorne
13.399
1,852
8.740
7,260
2.087
7.977
23,991
17,324
14 Creditorn.. amounts falling due within one year
2024
2023
Tia(Se crediltrrs
Olhercredilors
Accruals and deferred Income
Olhertax and so¢io1 secunty
2.196
1,988
9.507
634
2.019
200
4,376
4S0
14.325
7,045

WATERLOOVILLE AREA COMMUNITY ASSOCIATION CIO
Registe￿￿ Charsty Number 1165822
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEOI
FOR THE YEAR ENDED 31 MARCH 2024
15 Investments
Three ordinary shales of £1 each in WACC Enterprises Ltd have been issued to the charity.
WACC Enterprises Lltj is a wholly ovmed subsidiary of the Association and Is incorporated in
the UK Ils company numbèr is 02500643.
A sumrnary of Its trading result5 lor the year ended 31 March 2024 are shown below.
2024
2023
Tumover
Cost of sales
28.680
15,419
24.879
11.700
Gross profit
13.261
13,179
Adrninistralive expenses
5,645
5,382
Interest receivable
27
Profit before taxation
7.643
7,797
Tax on profit
Profil for the financial year
7,643
7.797
Profivllossl reser¥es brought forward
3,719
3.899
Distributions to parent charity under gift aid
17,6431
17,9771
Profitlllossl reserves carried forward
3,719
3,719
18

WATERLOOVILLE AREA COMMUNITY ASSOCIA TION CIO
Re9lStered Charity NurnbeT 1165822
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
16 Fund reconciliation
Unrestrkted fLtnd$
Balance 8t
0110412023
Balance at
3110312024
In¢ome
Expenditure
Transfers
General funds
252.052
158.758
140,560
270,250
Total Unrestrictsd Fvnds
252.052
158.758
140.560
270.250
Restricted fund$
Balamce at
0110412023
Balance ai
3110312024
Income
Expenditure
Transfels
The Henry Smith Charity
Asda Foundaiion
Do￿a￿OnS- M8mary Cafè
7.192
625
10.567
240
606
1,025
308
1,333
Totsl R¢str¢cted Funds
7,500
5.631
2,324
10,807
The Henry Smilh Charity fund represented grant money received to be used to help support the cenlre's Mernory
Café. 3 support group lor Ihose living wth dernen118 and Iheir carers.
The Asda Foundaiitsn fund represented 8 £606 don81ion raised through their Empowering Local C¢mrnunities
Scheme and Is to be vsed lowar(Js pruch8sing equipment for the Memory Café
Th& Memory Cale fund represents donations re￿I￿ed from users of the Café These don21ions are used to help
with the operational costs ofthe Cafè thereby facilitating Il's objecli¥e of providing continued support for those living
wlh detnen118 and their carers

WA TERLOOVILLE AREA COMMUNITY ASSOCIAMON eio
Registered Charity Number 1165822
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
17 Pensions and other post-retlrom8ni btrnefits
The charity oper81ets a defined contribution peD$iiTrn plan for its employees. The atnouni recognised 8$ an expet15e
In Ihe period was £274 12023. £NIll
18 Related p•rty transactions
D￿rIng Iiie year the folloMThng Ir8nsaclions look place Wlh WACC Enlerpnses Ltd
2024
2023
Renl re￿1Ve￿
Wages Techaiged 10 WACC Enterprises Lld
Oonaliofjs ieceived
Bar hire paKI lo WA¢C Enierpfj5es
3.600
4,733
7.643
2.650
3,600
2.548
7.97F
2.150
Al the yeaf pnd Ihere was 3 baLan¢e 01 £8.640 12023- £7.9771 due frorn WACC Enterprises Lld.
20